3 ms·
Buying equity in a person is literally what indentured servitude is. Someone making a deal to give up their future earnings for several years in exchange for a
by jjmarr 2y ago
Buying equity in a person is literally what indentured servitude is.
Someone making a deal to give up their future earnings for several years in exchange for a trip to the American colonies and a better life isn't fundamentally different than giving up your future earnings to a coding bootcamp in exchange for a trip to FAANG.
The difference is in the degree of future earnings ceded.
- parpfish 2y agoIsn’t there a big difference in the amount of freedo between an indentured servant and somebody with an ISA? An indentured servant was generally forced to work a specific job until things were paid back (and often at below market wages). Somebody with an ISA is free to do whatever they wish, they just have to pay
- smabie 2y agoWell maybe indentured servitude is fine too?
- jonathankoren 2y agoyOu cAn'T tRulLy bE fReE iF yOu cAn'T sELL yOuRsELf iNtO sLaVeRy. I remember this take. It's the kind of thing that only makes sense in a dorm room full of financially secure people that ignore that this is simply creates a slave class of economically disadvantaged.